Tinubu announces ban on foreign goods that Nigerians can produce

• President Bola Tinubu has introduced a argumentation to fortify Nigeria’s home system by barring MDAs from procuring overseas goods oregon services disposable locally
• The policy, called the Renewed Hope Nigeria First Policy, aims to foster a concern civilization that benefits section industries and reduces dependence connected imports
• To enforce this, an Executive Order volition beryllium drafted, and the BPP volition revise procurement rules, make a compliance mechanism, and support an updated database of Nigerian suppliers

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

In a bid to fortify Nigeria’s home system and beforehand section content, President Bola Tinubu has initiated a argumentation that bars the Ministries, Departments, and Agencies (MDAs) from procuring overseas goods oregon services already disposable locally, without a written waiver from the Bureau of Public Procurement (BPP).

FG's caller argumentation seeks to foster a caller concern culture. Photo Credit: Contributor
Source: Getty Images

This comes arsenic the Federal Executive Council (FEC), connected Monday, gave its support to the caller argumentation model that places the state astatine the halfway of each nationalist procurement and business activity, with a beardown accent connected empowering section industries and reducing dependency on overseas imports.

The caller policy, tagged the Renewed Hope Nigeria First Policy, seeks to foster a caller concern civilization that is bold, confident, and distinctly Nigerian.

Briefing State House correspondents astatine the extremity of the 5th furniture gathering successful 2025, presided implicit by President Bola Tinubu astatine the Council Chamber, Presidential Villa, Abuja, the Minister of Information and National Orientation, Mohammed Idris, explained that the caller argumentation is designed to guarantee the state promotes homegrown products.

The Minister described the argumentation arsenic a bold displacement successful the country’s economical approach, which mirrors U.S. President Donald Trump’s “America First” doctrine.

He said:

“This argumentation seeks to foster a caller concern civilization that is bold, confident, and precise Nigerian. It aims astatine making authorities concern straight payment our radical and industries by changing however we spend, however we procure, and however we physique our economy.”

More connected enforcement orders

Idris said that the Attorney General of the Federation, AGF, and Minister of Justice, has been directed to draught an Executive Order to springiness afloat ineligible effect to the caller framework.

According to him:

“The Nigeria First argumentation is expected to go the cornerstone of the administration’s economical strategy, especially arsenic the authorities pushes guardant with its industrialisation docket and import-substitution goals.”

He enumerated the decisions that were approved by the Council which volition beryllium enforced immediately

Procurement officers presently deployed to assorted MDAs volition beryllium reverted to the BPP to guarantee compliance and trim undue power oregon corruption.

US govt protests import bans connected 25 products by Nigerian govt

Legit.ng reported that the United States Trade Representative (USTR), an bureau of the United States government, has slammed Nigeria for imposing an import prohibition connected 25 merchandise categories.

The USTR raised concerns that the restrictions were hurting US exporters and undermining commercialized relations.

In a station shared connected X, the USTR listed Nigeria’s import argumentation among the apical 10 unfair commercialized practices by overseas governments.

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Source: Legit.ng